GRUNDR AS: årsregnskap 2018 vs 2017
Shrank 8% on revenue, weaker earnings, cash halved-plus
approved 2019-05-24; registry 2019-06-19; journal 2019 472547
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for GRUNDR AS. Revenue 790.4k NOK → 728.0k NOK (-7.9%). Net result +7.14m NOK → +3 000 NOK. Equity 7.16m NOK → 127.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for GRUNDR AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 790.4k NOK to 728.0k NOK (-7.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +178.7k NOK → -30.4k NOK (op. margin 22.6% → -4.2%). Calculated
-
↓
Net result weakened
Net result +7.14m NOK → +3 000 NOK (net margin 903.1% → 0.4%). Calculated
-
↓
Equity eroded
Book equity 7.16m NOK → 127.6k NOK (equity ratio 2660.2% → 50.8%). Calculated
-
↓
Cash fell
Bank deposits 168.9k NOK → 30.8k NOK (-81.8% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 2 121 NOK → 32.1k NOK. Reported fact